Sanyo Chemical Industries Ltd. reported unaudited consolidated earnings results for the six months ended September 30, 2015. For the quarter, the company reported net sales of ¥78,433 million compared to ¥82,317 million, operating income of ¥6,019 million compared to ¥3,400 million, profit attributable to owners of parent of ¥3,599 million or ¥32.64 per share compared to ¥2,277 million or ¥20.65 per share, income before income taxes and minority interests of ¥6,204 million compared to ¥3,520 million for the last year. Net sales decrease mainly by appropriate sales price to respond to a fall in raw materials costs. In terms of profit, however, Sanyo Chemical Group recorded increases from the same period of the previous fiscal year because of depreciation of the yen, a fall in raw material costs and cost down measurement, and other factors. Net cash provided by operating activities amounted to ¥12,889 million against ¥5,775 million a year ago. This result was mainly due to the cash inflow from income before income taxes and minority interests of ¥6,204 million, depreciation and amortization of ¥4,368 million, and the decrease in notes and accounts receivable-trade of ¥3,560 million, which outweighed the outflow from the decrease in notes and accounts payable-trade of ¥1,481 million and the decrease in income taxes paid of ¥1,062 million. Purchase of non-current assets were ¥5,638 million against ¥3,800 million a year ago.

For the first half of fiscal 2016, the company announced a dividend of ¥8.00 per share compared to ¥7.50 a year ago.

For the year ending March 31, 2016, the company expects to pay a dividend of ¥8.00 per share compared to ¥8.00 per share a year ago.

The company revised consolidated earnings guidance for fiscal year ending March 31, 2016. On consolidated basis, the company expects net sales of ¥158,000 million, operating income of ¥12,000 million, ordinary income of ¥13,000 million and net income of ¥7,500 million or ¥68.02 per share compared to net sales of ¥165,000 million, operating income of ¥11,000 million, ordinary income of ¥11,500 million and net income of ¥7,000 million or ¥63.49 per share as previously forecasted.